SPDR® Bloomberg Barclays High Yield Bond ETF JNK

Important Risk Disclosure

NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$110.08

as of Feb 20 2020

Base Currency

USD

Assets Under Management

$9,651.59 M

as of Feb 20 2020

Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.40%


Key Features

Key Features

  • The SPDR® Bloomberg Barclays High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays High Yield Very Liquid Index (the "Index")
  • Seeks to provide a a diversified exposure to US dollar-denominated high yield corporate bonds with above-average liquidity
  • A more cost efficient way to implement a high yield exposure than via individual bonds
  • Rebalanced on the last business day of the month

About this Benchmark

About this Benchmark

The Bloomberg Barclays High Yield Very Liquid Index is designed to measure the performance of publicly issued U.S. dollar denominated high yield corporate bonds with above-average liquidity. High yield securities are generally rated below investment grade and are commonly referred to as "junk bonds." The Index includes publicly issued U.S. dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, but not more than fifteen years, regardless of optionality; are rated high-yield (Ba1/BB+/BB+ or below) using the middle rating of Moody's Investors Service, Inc., Fitch Inc., or Standard & Poor's Financial Services, LLC, respectively; and have $500 million or more of outstanding face value.


Fund Information as of Feb 20 2020

Fund Information as of Feb 20 2020
Benchmark Inception Date Options Available Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

Base Currency Investment Manager Management Team
Bloomberg Barclays High Yield Very Liquid Index Nov 28 2007 Yes 0.40% USD SSGA Funds Management, Inc. Global Fixed Income, Cash and Currency
Benchmark Bloomberg Barclays High Yield Very Liquid Index
Inception Date Nov 28 2007
Options Available Yes
Gross Expense Ratio

Gross Expense Ratio

The fund's total annual operating expense ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund's most recent prospectus.

0.40%
Base Currency USD
Investment Manager SSGA Funds Management, Inc.
Management Team Global Fixed Income, Cash and Currency
Distributor Distribution Frequency
State Street Global Advisors Funds Distributors, LLC Monthly
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Monthly

Listing Information as of Feb 20 2020

Listing Information as of Feb 20 2020
Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Nov 28 2007 USD JNK 78468R622 US78468R6229
Exchange NYSE ARCA EXCHANGE
Listing Date Nov 28 2007
Trading Currency USD
Ticker JNK
CUSIP 78468R622
ISIN US78468R6229

Fund Characteristics as of Feb 20 2020

Fund Characteristics as of Feb 20 2020
Number of Holdings Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

Average Price Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

948 6.16% 6.03 $102.34 4.99% 6.08% 2.96 years
Number of Holdings 948
Average Coupon

Average Coupon

The [market value] weighted average coupon of the bonds in a portfolio.

6.16%
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds and loans in a portfolio, where maturity is defined as the stated final for bullet maturity bonds and loans.

6.03
Average Price $102.34
Average Yield To Worst

The lowest potential yield that can be received on a bond without the issuer actually defaulting. The YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments. When aggregating YTW for a portfolio level statistic, the weighted average of the YTW and market value for each security is used.

4.99%
Current Yield

Current Yield

A bond's annual return based on its annual coupon payments and current price (as opposed to its original price or face). The formula for current yield is a bond's annual coupons divided by its current price. When aggregating Current Yield for a portfolio level statistic, the weighted average of the Current Yield and market value for each security is used.

6.08%
Option Adjusted Duration

Option Adjusted Duration

An option-adjusted measure of a bond's (or portfolio's) sensitivity to changes in interest rates calculated as the average percentage change in a bond's value (price plus accrued interest) under shifts of the Treasury curve +/- 100 bps. Incorporates the effect of embedded options for corporate bonds and changes in prepayments for mortgage-backed securities.

2.96 years
Option Adjusted Spread Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

329.01 5.78%
Option Adjusted Spread 329.01
Yield to Maturity

Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

5.78%

Index Characteristics as of Feb 20 2020

Index Characteristics as of Feb 20 2020
Number of Holdings Average Coupon Average Maturity in Years Average Price Average Yield To Worst Current Yield Option Adjusted Duration
891 6.24% 6.00 $103.47 5.00% 6.16% 2.90 years
Number of Holdings 891
Average Coupon 6.24%
Average Maturity in Years 6.00
Average Price $103.47
Average Yield To Worst 5.00%
Current Yield 6.16%
Option Adjusted Duration 2.90 years
Option Adjusted Spread Yield to Maturity
334.94 5.81%
Option Adjusted Spread 334.94
Yield to Maturity 5.81%

Yields as of Feb 20 2020

Yields as of Feb 20 2020
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

4.78% 5.39%
30 Day SEC Yield

30 Day SEC Yield

(Also known as Standardized Yield) An annualized yield that is calculated by dividing the net investment income earned by the fund over the most recent 30-day period by the current maximum offering price.

4.78%
Fund Dividend Yield

Fund Dividend Yield

The sum of the most recent 12 dividends within the past 365 days divided by Net Asset Value per share, expressed as a percentage.

5.39%

Fund Market Price as of Feb 20 2020

Fund Market Price as of Feb 20 2020
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given a given security.

Closing Price

Closing Price

Market Price of last reported trade on the exchange.

Day High Day Low Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

$110.20 $110.19 $110.24 $109.78 2,471,823 0.10%
Bid/Ask

Bid/Ask Mid Point

(Also known as Mid Price) The price between the best price of the sellers for a trading unit of a given security and the best price of the buyer of a trading unit of a given a given security.

$110.20
Closing Price

Closing Price

Market Price of last reported trade on the exchange.

$110.19
Day High $110.24
Day Low $109.78
Exchange Volume (Shares)

Exchange Volume (shares)

Represents the volume of shares traded on the ETF's primary exchange throughout the previous business day.

2,471,823
Premium/Discount

Premium/Discount to NAV

Shows the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds calculated as ((4PM Bid/Ask - Closing NAV) / Closing NAV * 100)

0.10%
Fund Data

The above information is provided to show the comparison of the daily net asset value (NAV) and the Midpoint of the closing bid/ask for each of the funds.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.


Fund Net Cash Amount as of Feb 20 2020

Fund Net Cash Amount as of Feb 20 2020
Net Cash Amount
$71,331,394.17
Net Cash Amount $71,331,394.17

Fund Net Asset Value as of Feb 20 2020

Fund Net Asset Value as of Feb 20 2020
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

Shares Outstanding Assets Under Management
$110.08 87.67M $9,651.59 M
NAV

NAV

The market value of a mutual fund's or ETFs total assets, minus liabilities, divided by the number of shares outstanding.

$110.08
Shares Outstanding 87.67M
Assets Under Management $9,651.59 M
Most Recent NAV / NAV History

Fund Performance
View as

Fund Performance

  • Fund Inception Date: Nov 28 2007
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 28 2007
Fund Before Tax
NAV Jan 31 2020 -0.28% -0.28% -0.28% 9.10% 5.35% 4.58% 6.23% 5.58%
Market Value Jan 31 2020 -0.46% -0.46% -0.46% 8.63% 5.18% 4.51% 6.20% 5.57%
Bloomberg Barclays High Yield Very Liquid Index Jan 31 2020 -0.21% -0.21% -0.21% 9.37% 5.74% 5.62% 7.25% 7.45%
Fund After Tax
Return after Taxes on Distributions Jan 31 2020 -0.28% -0.28% -0.28% 6.68% 2.94% 2.05% 3.48% 2.58%
Return after Taxes on Distributions and Sale of Fund Shares Jan 31 2020 -0.17% -0.17% -0.17% 5.33% 3.01% 2.32% 3.62% 2.94%
Bloomberg Barclays High Yield Very Liquid Index Jan 31 2020 -0.21% -0.21% -0.21% 9.37% 5.74% 5.62% 7.25% 7.45%
As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Nov 28 2007
Fund Before Tax
NAV Dec 31 2019 2.04% 2.68% 14.97% 14.97% 5.83% 4.76% 6.31% 5.65%
Market Value Dec 31 2019 2.01% 2.53% 14.86% 14.86% 5.79% 4.77% 6.25% 5.65%
Bloomberg Barclays High Yield Very Liquid Index Dec 31 2019 2.08% 2.73% 15.28% 15.28% 6.26% 5.80% 7.35% 7.52%
Fund After Tax
Return after Taxes on Distributions Dec 31 2019 1.68% 1.94% 12.41% 12.41% 3.41% 2.23% 3.56% 2.62%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2019 1.21% 1.58% 8.80% 8.80% 3.38% 2.46% 3.69% 2.98%
Bloomberg Barclays High Yield Very Liquid Index Dec 31 2019 2.08% 2.73% 15.28% 15.28% 6.26% 5.80% 7.35% 7.52%

as of Jan 31 2020

as of Dec 31 2019

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  It is not possible to invest directly in an index.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0.40%


Top Holdings

Subject to change.

Top Holdings

Subject to change.

Fund Top Holdingsas of Feb 20 2020
Index Top Holdingsas of Feb 20 2020

Fund Top Holdings as of Feb 20 2020

Name Market Value ISIN Weight
STATE ST INST US GOV MM-G 0 00/00/0000 147,140,753.71 US8574924663 1.53%
ALTICE FRANCE SA 7.375 05/01/2026 65,884,475.39 US67054KAA79 0.69%
TRANSDIGM INC 6.25 03/15/2026 52,170,806.53 US893647BE67 0.54%
CENTENE CORP 4.625 12/15/2029 44,097,027.25 US15135BAS07 0.46%
CHS/COMMUNITY HEALTH SYS 6.25 03/31/2023 40,053,343.65 US12543DAY67 0.42%
DIAMOND SPORTS GR/DIAMON 5.375 08/15/2026 35,415,903.14 US25277LAA44 0.37%
ALTICE FINANCING SA 7.5 05/15/2026 35,158,845.05 US02154CAE30 0.37%
BAUSCH HEALTH COS INC 6.125 04/15/2025 34,207,605.60 US91831AAC53 0.36%
1011778 BC / NEW RED FIN 5 10/15/2025 33,383,316.39 US68245XAE94 0.35%
TRANSDIGM INC 5.5 11/15/2027 33,183,029.15 US893647BJ54 0.35%

Index Top Holdings as of Feb 20 2020

Name ISIN Weight
ALTICE FRANCE SA 7.375 05/01/2026 US67054KAA79 0.70%
TRANSDIGM INC 6.25 03/15/2026 US893647BE67 0.55%
CENTENE CORP 4.625 12/15/2029 US15135BAS07 0.47%
CHS/COMMUNITY HEALTH SYS 6.25 03/31/2023 US12543DAY67 0.41%
DIAMOND SPORTS GR/DIAMON 5.375 08/15/2026 US25277LAA44 0.37%
ALTICE FINANCING SA 7.5 05/15/2026 US02154CAE30 0.37%
1011778 BC / NEW RED FIN 5 10/15/2025 US68245XAE94 0.37%
BAUSCH HEALTH COS INC 6.125 04/15/2025 US91831AAC53 0.36%
INTELSAT JACKSON HLDG 8.5 10/15/2024 US45824TBA25 0.35%
CCO HLDGS LLC/CAP CORP 5.125 05/01/2027 US1248EPBT92 0.34%

Sector Allocation

Sector Allocation
Fund Sector Breakdownas of Feb 20 2020
Index Sector Breakdownas of Feb 20 2020

Fund Sector Breakdown as of Feb 20 2020

Sector Weight
Corporate - Communications 20.49%
Corporate - Consumer Cyclical 16.32%
Corporate - Consumer Non-Cyclical 15.82%
Corporate - Energy 11.02%
Corporate - Capital Goods 9.30%
Corporate - Technology 7.24%
Corporate - Basic Industry 4.80%
Corporate - Electric 2.90%
Corporate - Finance Companies 2.72%
Corporate - Insurance 2.71%
Corporate - REITS 1.53%
Corporate - Other Financial 1.04%
Corporate - Industrial Other 0.98%
Corporate - Transportation 0.93%
Corporate - Banking 0.87%
Corporate - Brokerage Assetmanagers Exchanges 0.35%
Other 0.98%

Index Sector Breakdown as of Feb 20 2020

Sector Weight
Corporate - Communications 21.09%
Corporate - Consumer Cyclical 16.70%
Corporate - Consumer Non-Cyclical 15.73%
Corporate - Energy 10.96%
Corporate - Capital Goods 9.49%
Corporate - Technology 7.26%
Corporate - Basic Industry 4.58%
Corporate - Electric 2.96%
Corporate - Finance Companies 2.76%
Corporate - Insurance 2.67%
Corporate - REITS 1.59%
Corporate - Other Financial 1.07%
Corporate - Industrial Other 1.00%
Corporate - Transportation 0.96%
Corporate - Banking 0.89%
Corporate - Brokerage Assetmanagers Exchanges 0.28%
Other 0.00%

Quality Breakdown

Quality Breakdown
Fund Quality Breakdownas of Feb 20 2020
Index Quality Breakdownas of Feb 20 2020

Fund Quality Breakdown as of Feb 20 2020

Name Weight
BBB or Higher 0.98%
BB 47.92%
B 37.55%
CCC or Lower 13.50%
Not Rated 0.05%

Index Quality Breakdown as of Feb 20 2020

Name Weight
BB 48.34%
B 38.08%
CCC or Lower 13.58%

Maturity Ladder

Maturity Ladder
Fund Maturity Ladderas of Feb 20 2020
Index Maturity Ladderas of Feb 20 2020

Fund Maturity Ladder as of Feb 20 2020

Name Weight
0 - 1 Year 0.98%
1 - 2 Years 1.77%
2 - 3 Years 3.49%
3 - 5 Years 21.66%
5 - 7 Years 40.62%
7 - 10 Years 29.56%
10 - 15 Years 1.87%
15 - 20 Years 0.02%

Index Maturity Ladder as of Feb 20 2020

Name Weight
1 - 2 Years 1.48%
2 - 3 Years 3.70%
3 - 5 Years 20.94%
5 - 7 Years 41.73%
7 - 10 Years 30.96%
10 - 15 Years 1.19%

Purchase Information

Purchase Information

Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions may apply.


Fund Footnotes

In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

Unless otherwise noted all information contained herein is that of the SPDR Bloomberg Barclays High Yield Bond ETF.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

BLOOMBERG®, a trademark and service mark of Bloomberg Finance L.P. and its affiliates, and BARCLAYS®, a trademark and service mark of Barclays Bank Plc, have each been licensed for use in connection with the listing and trading of the SPDR Bloomberg Barclays ETFs.